CIMB Bank Singapore dollar (SGD) Transfers Compared

USD/SGD remains bearish-to-range-bound, trading in the lower half of the 3-mo range and below the 90-day avg. Fed seen easing toward neutral later 2026; MAS remains accommodative. US payrolls due; stronger print could lift USD, softer data could weigh on dollar. Bias USD/SGD remains bearish-to-range-bound, trading in the lower half of the 3-month range and below the 90-day average. Key drivers - Rate gap: the Fed is seen easing toward neutral later in 2026, while MAS stays accommodative; the policy paths keep USD firmer than SGD. - Macro: US payrolls and unemployment data due; a stronger print would reinforce dollar firmness as markets reassess Fed timing. - Macro: Singapore GDP growth is forecast near trend in 2026, supporting SGD resilience but not enough to force a sustained move in USD/SGD. Range the pair is expected to drift in the lower half of the 3-month range, with a test of the downside edge if US data stay soft. What could change it - Upside risk: stronger US payrolls data or a hawkish Fed signals that delay rate cuts could push USD/SGD higher. - Downside risk: softer US data or MAS signaling a more cautious stance that softens USD demand could weigh on the dollar